Does Carole Kane know something the rest of us don’t? The co-founder of Boohoo Group has increased her stake in the business once again, a stock exchange filing showed on Wednesday.

The executive director of the group has bought 330,295 Ordinary Shares at a price of 30.2p each. Following the transaction, she has a beneficial interest in almost 21 million Ordinary Shares, representing approximately 1.5% of the company’s issued share capital.

The news comes just a day after we learned that her fellow co-founder, Mahmud Kamani, had received the overwhelming backing of shareholders in a vote that had seen its single largest shareholder, Frasers Group, trying to oust him from the board.

Kane had also increased her Boohoo stake earlier this month. The firm, whose share price has fallen more than 90% in the past five years, paid just over 31p each for 321,000 shares. She spent a little under £100,000 in total and her latest purchase would have cost her a similar amount.

She clearly has confidence in the company’s prospects as combined purchases of around £300,000 in recent weeks aren’t to be taken lightly.

Whether the shares ever reach the heady heights of more that £4 each that they hit back in mid-2020 is open to question. They first fell below £1 each around three years ago and haven’t been above that level since. In fact, since June last year they’ve bobbed around at roughly their current level.